XML 34 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 1,136,539 $ 1,078,809 $ 977,025
Cost of sales 644,409 598,522 533,644
Gross profit 492,130 480,287 443,381
Operating expenses:      
Research and development and other engineering 47,058 43,056 47,616
Selling 112,568 109,931 114,903
General and administrative 157,274 158,568 142,749
Total operating expenses 316,900 311,555 305,268
Net gain on disposal of assets (6,024) (10,579) (160)
Impairment of goodwill 0 6,686 0
Income from operations 181,254 172,625 138,273
Other Nonoperating Income (Expense) (1,737) (634) (874)
Foreign exchange gain (loss), net (1,160) 137 894
Gain on bargain purchase of a business 0 0 (6,336)
Loss on disposal of a business 0 0 (211)
Income before taxes 178,357 172,128 144,418
Provision for income taxes 44,375 45,495 51,801
Net income 133,982 126,633 92,617
Translation adjustment, net of tax 885 (12,911) 21,418
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent 1,064 (376) 944
Comprehensive income $ 133,803 $ 114,098 $ 113,091
Earnings per share of common stock:      
Basic $ 3.00 $ 2.74 $ 1.95
Diluted $ 2.98 $ 2.72 $ 1.94
Weighted average number of shares of common stock outstanding      
Basic (in shares) 44,735 46,213 47,486
Diluted (in shares) 44,921 46,540 47,774